PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
50
10. LONG-TERM INVESTMENTS continued
2014 Assets
Liabilities Revenue
Gain loss Long-term investments in
associated companies: Tiphone
a
5,017 2,518
14,590 305
Indonusa
b
761 987
387 74
Teltranet
c
104 -
Melon
d
137 53
134 8
ILCS
e
110 33
99 2
Telin Malaysia
f
12 1
8 41
CSM
g
1,090 1,614
173 196
PSN
h
1,231 2,185
440 3
Total 8,462
7,391 15,831
7
2013 Share of
net loss Percentage
profit of of
Beginning Addition
associated Translation
Ending ownership balance Deduction company
Dividend adjustment balance
Long-term investments
in associated companies:
Indonusa
b
20.00 -
182 7
- -
189 Melon
d
51.00 42
- 3
- -
39 ILCS
e
49.00 48
- 11
- -
37 Telin Malaysia
f
49.00 -
20 6
- 4
18 CSM
g
25.00 20
- 20
- -
- PSN
h
22.38 -
- -
- -
- Patrakom
i
40.00 46
46 2
2 -
- Scicom
j
29.71 98
88 2
3 9
- Sub-total
254 68
29 5
5 283
Other long-term investments 21
- -
- -
21
Total long-term investments 275
68 29
5 5
304 2013
Assets Liabilities
Revenue Loss
Long-term investments in associated companies:
Indonusa
b
655 669
363 124
Melon
d
90 22
73 6
ILCS
e
88 13
4 22
Telin Malaysia
f
37 1
11 CSM
g
1,273 1,387
306 181
PSN
h
817 2,148
462 55
Total 2,960
4,240 1,208
399
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
51
10. LONG-TERM INVESTMENTS continued
a
Tiphone was established on June 25, 2008 as Tiphone Mobile Indonesia Tbk. The main activity of Company is engaged in telecommunication equipment businesses, such as celullar phone including the spare parts, accessories, pulse reload
vouchers, repair service and content provider through its subsidiaries. On September 18, 2014, the Company through PINS acquired 25 ownerships in Tiphone amounted to Rp1,395 billion Note 1d.
Reconciliation of financial information to the carrying amount of long-term investment in Tiphone:
Amount
Assets 5,017
Liabilities 2,518
Net assets 2,499
Net assets, excluding goodwill Rp203 billion 2,296
Group’s proportionate shares of net assets 24.92 572
Intangible assets 231
Deferred tax liabilities 58
Goodwill 647
Carrying amount of long-term investment 1,392
b
Indonusa had been the Company’s subsidiary until 2013 when the Company disposed 80 of its interest in Indonusa Note 3.
c
Teltranet is recorded in equity method based on agreement between Metra and Telstra Holding Singapore Pte. Ltd. on August 29, 2014. Teltranet is enganged in communication system services Note 1d. Metra does not have control in
determining financial and operating policies of Teltranet.
d
Melon is engaged in providing Digital Content Exchange Hub services “DCEH”. Metra does not have control over Melon as a result of the existence of substantive participating rights held by the other venturer over the significant financial and
operating policies of Melon.
e
ILCS is engaged in providing E-trade logistic services and other related services.
f
Telin Malaysia is engaged in telecommunication services in Malaysia.
g
CSM is engaged in providing Very Small Aperture Terminal “VSAT”, network application services and consulting services on telecommunications technology and related facilities. The unrecognized share of losses of CSM for the years ended
December 31, 2014 and 2013 are Rp131 billion and Rp80 billion, respectively.
h
PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia-Pacific Region. The Company’s share in losses of PSN has exceeded the carrying amount of its investment since 2001; accordingly,
the investment value has been reduced to Rp nil. The unrecognized share of losses of PSN for the years ended December 31, 2014 and 2013 are Rp297 billion and Rp298 billion, respectively.
i
Patrakom is engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry. Since 2013, Patrakom has been consolidated Notes 1d and 3.
j
Scicom is engaged in providing call center services in Malaysia. On September 19, 2013, the Company sold its investment in Scicom MSC Berhad-Malaysia Scicom, with the proceeds of disposal and the carrying amount of the investment on the
date of disposal amounting to Rp153 billion and Rp88 billion, respectively, resulting in a gain of Rp65 billion.
